Agribank Tay Nghe An deploys business tasks in 2021

Attending the conference were Mr. Le Son Chau - Deputy Secretary of the Party Committee of Nghe An Provincial Business Bloc; Ms. Nguyen Thi Thu Thu - Director of the State Bank of Vietnam, Nghe An Provincial Branch, along with heads and deputy heads of functional departments of Agribank Tay Nghe An; Directors, Heads of Business Planning and Accounting Departments of type II branches, Directors of transaction offices.

Mr. Nguyen Ngoc Hoan - Director of Agribank Tay Nghe An opened the conference. Photo: Bui Si Hieu

On behalf ofAgribank Tay Nghe An, Mr. Nguyen Van Hieu - Deputy Director reported on the summary of business activities in 2020, goals and tasks in 2021. Although business activities faced many difficulties in 2020 due to the severe impact of the Covid-19 pandemic... however, with the solidarity and efforts of the leadership, officers and employees, Agribank Tay Nghe An has successfully completed the business targets assigned by the head office.

By December 31, 2020, the total mobilized capital was VND 8,461 billion, reaching 142% of the plan; total outstanding debt was VND 8,020 billion, reaching 100% of the plan; outstanding debt for agricultural and rural loans according to Decree 55 of the Government was VND 7,208 billion, accounting for 90% of the total outstanding debt; bad debt ratio/total outstanding debt was 0.51%/plan 0.8%, credit quality was guaranteed; service revenue was VND 39.1 billion, reaching 104%; ensuring income for workers...

Ms. Nguyen Thi Thu Thu - Director of the State Bank of Vietnam, Nghe An Branch, gave a speech at the conference. Photo: Bui Si Hieu.

In addition to the achievements in business activities, in 2020, Agribank Tay Nghe An regularly paid attention to social security work. Mobilizing union members and employees to contribute 4 days' salary to support social charity funds with a total amount of 474 million VND; mobilizing to support the Central region people affected by floods with an amount of 185 million VND; building 17 solidarity houses for policy families and poor households with an investment of 880 million VND; the "Warm Winter Clothes" program mobilized donations of 16 boxes of clothes and money for children in the highlands.
The conference also listened to specialized reports on credit, services & marketing, treasury accounting, and inspection, and spent a lot of time discussing and finding solutions to remove difficulties and obstacles in the implementation process.

Representatives of the Board of Directors of Agribank Tay Nghe An presented flowers and rewards to units that had excellently completed their business tasks. Photo: Bui Si Hieu

Also at this conference, the Director of Agribank Tay Nghe An awarded collectives and individuals who had achieved outstanding achievements in performing business tasks in 2020. The most outstanding unit belonged to Agribank Quy Hop district branch, second place was Agribank Tan Ky district branch, third place was Agribank Quy Chau district branch and Agribank Tuong Duong district branch...

Promoting the achieved results, Agribank Tay Nghe An has set a business target for 2021, striving for a minimum growth of 13% in mobilized capital; an increase in outstanding loans of 10% - 11%; bad debt below the planned level assigned by the Head Office; service fee collection growth of 13% - 15%; continuing to expand the scale of safe and effective business operations, while promoting the development and improvement of product and service quality, transaction style, and customer service./.

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